Is it mandatory to appoint a semi-qualified CS ( i.e. Intermediate Pass from the Institute of Company Secretaries of India) as Secretary in a Company having paid-up share capital of less than 2 (two) crores? What is the stand of Section 25 companies in this regard?
mode of calculation of managerial remuneration
SEC. 383A of Companies Act stated that the Company which have paid up share capital exceedind Rs. 2 crores need to appoint a CS. Its not at all mandatory to appoint a Semi qualified CS for Companies having paid up share capital less than Rs. 2 Cr. They only need to file a compliance certificate with the ROC
YOGESH KAPOOR AND ASSOCIATES
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